Required Information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] A process manufacturer reports the following: Conversion Units Percent Complete Beginning work in process inventory 176,000 85% Units started this period 375,000 Units completed and transferred out Ending work in process inventory 405,000 146,000 30% QS 3-5 (Algo) Weighted average: Computing equivalent units of production LO P1 Compute the total equivalent units of production for conversion. The company uses the weighted average method. Equivalent units of production: Weighted average method Conversion Total Units Percent Complete EUP Required Information Use the following information for the Exercises below. (Algo) 1 [The following information applies to the questions displayed below] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory 24,600 units $7,400 units 82,000 units 16,100 units Exercise 3-4 (Algo) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following three s assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Total Units Direct Materials Percent Complete EUP 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 70% complete as to direct materials costs. Total Direct Materials Units Percent Complete EUP 3. Beginning inventory is 70% complete as to direct materials costs. Ending inventory is 20% complete as to direct materials costs. Total Direct Materials Units Percent Complete EUP